US reliance on Opec endures despite shale boom | Financial Times:
Greg Abbott, governor of the state of Texas, hailed the US as an energy independent country last week, saying on Twitter it would “NEVER AGAIN” be beholden to foreign oil producers.
Yet the day before, Saudi Arabia — backed by Russia — pledged a “measurable” rise in output, largely in response to a request by the US to offset a loss in Iranian barrels after the reimposition of oil sanctions.
As the US tries to reset the Middle East, with the withdrawal from the nuclear deal with Iran a key element of its strategy, it is still turning to the energy might of traditional producers abroad.
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